
With a purchase price of $1.00, and an annual interest rate of 1.0%, a 1.0 month loan will result in a dealer payment of about $1.00 per month. Some dealers may require Credit Life Insurance as part of their package. If this is true, the premiums for this coverage will increase the total finance charges of the Dealer's package.

Applying the dealer cash rebate of $1.00 to the purchase price reduces our loan amount to $0.00. With our annual interest rate of 1.0%, our 1.0 month loan will have a payment of about $0.00 per month.

Should I take the Dealer's Teaser Rate? 
NO!!!! Take the Cash Rebate and come see us!. Why? You save approximately $1.00 in total payments over the life of the loan.

Dealer Loan Payment Schedule 
Schedule of Payments for a Loan of $1.00 at 1.0% Repaid Over 1.0 Months 
Remaining Principal 
Principal Paid 
Interest Paid 
$1.00 
$0.01 
$0.99 

_________ 
_________ 

$0.01 
$0.99 
All dollar amounts are rounded to the nearest cent. Summing the rounded amounts in a given column will not necessarily give you the total shown at the bottom.

Our Loan Payment Schedule 
Schedule of Payments for a Loan of $0.00 at 1.0% Repaid Over 1.0 Months 
Remaining Principal 
Principal Paid 
Interest Paid 
$0.00 
($0.99) 
$0.99 

_________ 
_________ 

($0.99) 
$0.99 
All dollar amounts are rounded to the nearest cent. Summing the rounded amounts in a given column will not necessarily give you the total shown at the bottom.


This calculator is provided to give you an estimate of the payment and terms of a loan program or product. It is intended as a tool to use for estimating and is not guaranteed to provide the exact results that you may see with a particular product or plan, nor is it guaranteed to provide an accurate rate as required by truthinlending regulations. Results obtained with this calculator should be discussed with a qualified professional before any product purchases or loan commitments are made. Any loans made as a result of product inquiries to this institution are subject to credit, property, and/or collateral approval as well as other terms and conditions that may not be mentioned on this page. 